@capitalmanagementservice: This is my analysis on XAUUSD on the 1 hour timeframe After a strong bullish impulse move to the upside following the higher timeframe trend we can see how price has been correcting to the downside for a while now and we have recently rejected the 78.6% Fibonacci level Using chart patterns we can see how price is forming a falling wedge pattern which is a bullish reversal pattern. As well as this I am also anticipating an inverse head and shoulders pattern to form which is a bullish reversal pattern. I will be looking for a buy position once price breaks resistance and forms a higher high. This will be the confirmation I need to begin initiating buy positions. Want to know which services I provide? Check out the link in my bio! Contact us today at: 📩 [email protected] . . . . . . . #technicalanalysis #passiveincometips #forexaccountmanagement #forextradingstrategy #tradingcommunity

TRADER EPHRAIM

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Thursday 18 June 2026 14:52:30 GMT